TORONTO – Five things to watch this week in Canadian business:
Economic confab: The three-day Economic Forum of the Americas begins in Montreal on Monday, featuring opening remarks from Montreal Mayor Denis Coderre and a news conference with Finance Minister Bill Morneau and OECD secretary-general Angel Gurria.
Valeant: The Montreal-based pharmaceutical giant holds its annual meeting in Laval, Que., on Tuesday. The company saw its stock tank last week to its lowest level in nearly six years after it slashed its outlook for the year and reported disappointing first-quarter results.
StatCan: Statistics Canada releases the monthly survey of manufacturing for April on Wednesday, and on Friday releases the inflation figures for May. Last week’s jobs numbers exceeded expectations.
TPP: International Trade Minister Chrystia Freeland hosts a public town hall meeting on the Trans-Pacific Partnership in Toronto on Wednesday. The deal aims to create a free-trade zone among 12 nations around the Pacific, making it the world’s largest.
Birchmount: The class-action lawsuit filed by a team of shareholders of Birchmount Resources Ltd., with Hockey Hall-of-Famer Lanny McDonald as its representative plaintiff, is back in court in Calgary on Wednesday. The lawsuit alleges Brookfield Asset Management acquired Birchmount’s Hammerstone MegaQuarry using oppressive and misleading tactics, usurping shareholders and leaving them with nothing.